NextNRG Issues 1 Million Shares to Settle $1.04 Million Debt with CEO

NextNRG

NextNRG

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NextNRG Inc. has announced a debt transaction involving its CEO, Executive Chairman, and majority stockholder, Michael D. Farkas. On November 24, 2025, the company entered into a Stock Purchase Agreement under which it issued 1,000,000 restricted shares of common stock to Mr. Farkas at $1.04 per share. In exchange, Mr. Farkas agreed to settle $1,040,000 in accrued interest owed to him by the company under certain promissory notes. The principal amounts of these promissory notes remain outstanding.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NextNRG Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-025382), on November 28, 2025, and is solely responsible for the information contained therein.
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